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967-983 Hempstead Tpke
Franklin Square, NY 11010
Retail Property For Sale
Executive Summary
Excellent investment opportunity at 967–983 Hempstead Turnpike. Well-maintained retail property with steady, established tenants and stable rental income. Offering an attractive approximately 7% cap rate with additional upside potential through future rent increases. Convenient location with rear parking and adjacent municipal parking. Ideal for investors seeking strong current income with long-term appreciation potential.
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Storefront
Building Size
15,000 SF
Building Class
B
Year Built
1950
Price
$2,750,000
Price Per SF
$183.33
Cap Rate
7%
NOI
$192,500
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.75
Lot Size
0.46 AC
Zoning
C - Commercial
Parking
10 Spaces (0.67 Spaces per 1,000 SF Leased)
Frontage
Amenities
- Bus Line
- Signalized Intersection
Property Taxes
| Parcel Number | 2089-35-004-00-0128-0 | Improvements Assessment | $9,141 |
| Land Assessment | $4,254 | Total Assessment | $13,395 |
Property Taxes
Parcel Number
2089-35-004-00-0128-0
Land Assessment
$4,254
Improvements Assessment
$9,141
Total Assessment
$13,395
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